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The company was established by Torstein Hagen in St. Petersburg, Russia as Viking River Cruises in 1997. Hagen had become involved in cruising as a McKinsey and Company consultant who helped the Holland America Line survive the 1973 oil crisis, then was CEO of the Royal Viking Line from 1980 to 1984, made money in the Russian private equity markets, then bought a controlling stake in a Dutch ...
Occupation (s) Founder & Chairman, Viking Cruises. Years active. 1974–present. Spouse. Ellen-Karine Hagen (div. 2017) Children. 2. Torstein Hagen (born 1943) [ 1][ 2] is a Norwegian billionaire businessman, and the Founder and Chairman of Viking cruise line .
The Viking Octantis is a Polar Class 6 purpose-built expedition ship completed in December 2021 for Viking Expeditions Cruises, a subdivision of Viking Cruises. The ship has a capacity of 378 passengers with 189 staterooms. [ 1] Named after the Sigma Octantis, the south star, the ship's primary routes include Antarctica and the Great Lakes ...
Royal Viking Star was stretched in 1981, followed by Royal Viking Sky in 1982 and Royal Viking Sea in 1983. The lengthening of the ships improved both their profiles and their economics. In 1984, Torstein Hagen arranged a $240 million management buyout of the company, with the assistance of venture capital firm JH Whitney [citation needed].
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Norwegian pioneered many firsts in the cruise industry, such as the first exclusive private island, Great Stirrup Cay in the Bahamas, [further explanation needed] the first combined air-sea program (marketed as "Cloud 9 Cruises"), which combined low-cost air fares with the cruise, Freestyle Cruising, which is a form of relaxed and informal cruising, and first shipline to develop new ports in ...
A third vessel, originally planned for 1990, was delayed due to investors' financial constraints and was ultimately purchased by Royal Viking Line in 1992 as Royal Viking Queen. In 1995, Royal Viking Queen was transferred to a Kloster subsidiary, Royal Cruise Line, as Queen Odyssey. In 1991, Carnival Corporation purchased a 25% stake in Seabourn.
Celebrity Cruises is a cruise line headquartered in Miami, Florida [ 1] and a wholly owned subsidiary of Royal Caribbean Group. Celebrity Cruises was founded in 1988 by the Greece-based Chandris Group, and merged with Royal Caribbean Cruise Line in 1997. [ 2] Celebrity's signature logo is an "Χ" displayed on the funnel of Celebrity ships, and ...